American Lithium Minerals Inc. (OTCMKTS:AMLM) Sees Significant Increase in Short Interest

American Lithium Minerals Inc. (OTCMKTS:AMLM) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 36,712 shares, a growth of 162.8% from the April 30th total of 13,969 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 120,572 shares, the days-to-cover ratio is presently 0.3 days.

American Lithium Minerals Stock Performance

Shares of OTCMKTS AMLM opened at $0.08 on Monday. The stock’s 50-day simple moving average is $0.08 and its two-hundred day simple moving average is $0.10. American Lithium Minerals has a twelve month low of $0.03 and a twelve month high of $0.27.

American Lithium Minerals Company Profile

American Lithium Minerals Inc is a mineral exploration company focused on the discovery and development of lithium brine resources. The company is in the early stages of advancing high-potential lithium projects that support the growing demand for lithium hydroxide and carbonate, key components in the manufacturing of electric vehicle batteries and energy storage systems. American Lithium Minerals is publicly traded on the OTC Markets under the ticker symbol AMLM.

The company’s flagship asset is the Sal de la Puna Lithium Brine Project, located in Argentina’s prolific “Lithium Triangle.” This project encompasses a series of exploration concessions in the Jujuy Province, where initial drilling programs have been completed to test for lithium concentrations in subsurface brines.